Hyzon Motors was able to close the first quarter with a low stated loss of minus 0.03 USD per share. At the end of the quarter, cash and cash equivalents amounted to about 407 million USD. This should be evaluated in relation to the stock market valuation of about 1 billion USD. The build-up of capacity is proceeding according to plan. So 10 to 15 trucks for testing will be delivered to customers by the end of the year. A total of around 300 to 400 commercial vehicles are to be delivered in 2022. It is said that a variety of customers is involved, among them in China. (more…)
The debate about the future use of hydrogen is in full swing. At the moment, many different opinions are clashing; after all, the energy industry is also about re-sorting the balance of power. Sometimes, however, it is almost frightening to observe the fierce battles that are being fought, especially in the social media. (more…)
The first impression immediately conveys that this Mirai is no ordinary Toyota. Its design is much more pleasing to European tastes than that of its predecessor – and it is bigger, fancier, and more refined than the Mirai 1. This impression is underlined by the statement of the director of the Berlin representative office of Toyota Motor Europe, Ferry Franz, that this model was actually supposed to be a Lexus. (more…)
The time has come for new collaborations in the hydrogen sector. As noted in this year’s May issue, the number of reports about company mergers and new partnerships has increased steadily over the past months. One example of this is the partnership formed by electrolyzer manufacturer Nel after its recent foray into the solar market. In early May, the group announced that one of its subsidiaries, Nel Hydrogen Electrolyser, is now working with First Solar, a manufacturer of PV modules, to design integrated solar-hydrogen power plants.
A short time later, news broke that Danish hydrogen business Everfuel and Norwegian aluminum maker Norsk Hydro signed a memorandum of understanding to improve conditions for electrolyzers in Europe. The agreement contemplates installing the Hydrogen Distribution Centers that are being developed by Everfuel at electrolyzer sites near Norsk Hydro’s aluminum smelters to ensure the fast and safe refueling of the latter company’s hydrogen trailers. (more…)
In March 2021, the new Fuel Cell Industry Review 2020 was published, complete with market data and detailed analysis. Since 2014, the team led by E4tech has been contacting fuel cell companies from across the globe, aggregating their shipment figures and producing an independent report each year on the current state of the fuel cell sector. Several extracts are provided here.
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2020 was not the year many of us expected. But despite the very difficult situation brought about by COVID-19, fuel cell shipments continued to rise. The increase was much less than we anticipated at the end of 2019, both because of supply chain disruption and local economic slowdown, but is a very encouraging sign.
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